Baidu Launches Major Layoffs Amid AI Competition and Revenue Decline
China's tech giant Baidu cuts jobs across multiple units as it battles AI competition and falling ad revenue, while protecting AI and cloud roles.
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Chinese AI Giants Bypass US Chip Restrictions Through Overseas Training
Chinese tech companies like Alibaba and ByteDance are training AI models in Southeast Asia to access Nvidia chips, circumventing US export controls while remaining legally compliant.
Pentagon Identifies 8 Chinese Tech Giants for Military Watchlist
Pentagon recommends adding Alibaba, Baidu, BYD and 5 other Chinese tech firms to military companies list, raising concerns for US investors despite recent Trump-Xi trade agreement.
Beyond Meat Stock Surges on Heavy Call Options Trading Activity
Beyond Meat shares jump as traders pile into call options, with over 200,000 contracts traded. The stock shows renewed speculative interest despite recent declines.
ASML Rises as Analysts Lift Targets and Name It Top Pick
ASML shares rise after Morgan Stanley names it a "Top Pick" and lifts its price target to €1,000, citing strong demand for EUV tools and solid margins. UBS also reiterates its Buy rating.
Argus Upgrades Herbalife to Buy, Sees Growth Ahead
Argus upgrades Herbalife to Buy with a $15 target, citing strong Q3 results, improved EPS forecasts, and new products driving 2025 revenue growth.